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What we know already about the much anticipated ..43-101.
In February at the AGM in Thunder Bay, Frank Smeenk stated the following...
The Black Thor contained a resource of 69 Million Tons at 32% Chrome Oxide with a Value of around 50 Billion dollars worth of FerroChrome.
Now the Big Daddy.
He also stated stated that the Big Daddy is about 1/2 of the size as the Black Thor but much higher % Chrome Oxide.
Now since that time they have reported further drill results as follows...
Feb. 16, 2010 (TheNewswire.ca) --
-Hole FW-09-48 encountered two zones of massive chromite mineralization; 14.85 metres averaging 39.52% Cr2O3, as well as 32.4 metres averaging 42.51% Cr2O3
-Drilling completed, 10 priority holes drilled totaling 2,204 metres;
Mar. 5, 2010 (TheNewswire.ca) --
-Hole FW-09-50 encountered chromite mineralized envelope of 126.3 metres of which 63.3 metres averages 41.93% Cr2O3 with Cr:Fe ratio of 1.96
-Seven of final eight holes encounter grades in excess of 35% Cr2O3
-All assays are now complete, National Instrument 43-101 compliant resource estimate to commence on Big Daddy Chromite Deposit.
As you can see they encountered very rich grades and lengths which will enhance the 43-101.
Now.....
Based on the above information I would guess ....
Size of deposit on current drilling......35 - 38+ Million Tons
Chrome Oxide %......34+%
Keep in mind, there is still a lot of unknown of the complete size of this deposit, they don;t know how deep this goes or grades........
This is only my guess based on the information above..
.......RL
